- The Dogecoin Foundation has made significant progress in its trailmap projects, including GigaWallet and LibDogecoin.
- It has completed 100% of its first phase and 90% of the second phase, which focuses on lowering adoption barriers for businesses.
The Dogecoin Foundation has announced a significant update to its development strategy, unveiling “Project Sakura.” This upgrade of the protocol seeks to increase the performance of Dogecoin through increased block time and block size by ten times. It seeks to promote maximum decentralization, hence creating curiosity and controversy amongst the Dogecoin community.
On Thursday, the Foundation disclosed its plan regarding X, which laid out a three-phase strategy to increase the adoption of Dogecoin. The first phase, which has been accomplished, was devoted to the open development tools.
This also included the development of “lib dogecoin” and the multi-language bindings, which made it easier for more developers to work on DOGE projects. The Foundation also noted the increase in the number of developers in the Foundation’s circle and the overall Dogecoin community.
The second phase focuses on enabling more businesses to accept Dogecoin and for people who do not have access to banking services. This step which is currently 90% done includes major products such as the GigaWallet Payment Gateway and e-commerce plugins.
These tools are designed to help make DOGE a usable currency for commerce, improving the transaction process for merchants and customers. Furthermore, the presence of other applications such as Radio Doge and Dogebox OS, opens up additional possibilities of use of Dogecoin.
The third phase, which is currently only 10% completed, entails a significant increase in the scalability of Dogecoin through Project Sakura. The ultimate aim is to ensure that Dogecoin can handle more transactions without compromising the decentralization of the cryptocurrency. The upgrades will involve increasing the block speed and size by ten times, a major boost for the cryptocurrency in its efforts to deal with the issue of scalability.
The unveiling of Project Sakura has created a lot of buzz within the Dogecoin community. Famous personalities in the Doge world such as Doge Whisperer and Sir Doge of the Coin have shown interest in the project and demanded more information on it. Both have turned to X to seek more information on what is meant by the “Proof of Doge” protocol upgrade and what this means for the future of Dogecoin.
Although the Foundation has not yet provided thorough information on the project, they stressed that Project Sakura is a community-based project, in line with the spirit of Dogecoin. The DOGE Foundation guarantees that the upgrade will be aimed at Dogecoin’s sustainable development without any control from a central entity or even the lead.
GigaWallet Facilitates Dogecoin Integration for Businesses
Other than Project Sakura, the Dogecoin Foundation has not stopped working on the development of the Dogecoin and increasing its usage. The GigaWallet is a case in point, marketed as a business-grade solution for implementing Dogecoin acceptance on websites.
As an open-source project, GigaWallet offers a node and API that makes it easy for businesses to engage in Dogecoin transactions. This is in line with the broader Dogecoin goal of becoming a preferred means of payment for businesses and individuals with a simple and efficient way of processing transactions.
Radio Doge and Dogebox OS, both under the second development phase, add to the network’s infrastructure. These platforms strive to offer more efficient and scalable solutions than Dogecoin for payment processing, financial inclusion, and developer tools.
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